This property looks like a bad Long-Term investment with a projected -14.01% first-year return on $118k initial cash invested.
-14.01%
Cash On Cash
3.57%
Cap Rate
0.58
DSCR
$3,046
Rent
-$1,373
Cashflow
Cash Flow
$3,046 income − $4,419 expenses = $1,373 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,599
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,046
Total Expenses
$4,419
Mortgage P&I
95%
$2,887
Property Taxes
18%
$544
Home Insurance
6%
$196
HOA
0%
$0
Property Management
10%
$305
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0